NORWALK, Conn.—-June 29, 2006–In line with its commitment to open and rigorous due process, the Governmental Accounting Standards Board will hold panel discussions, a public hearing, and a roundtable exclusively for external financial statement users, regarding the GASB’s Preliminary Views document, Accounting and Financial Reporting for Derivatives.
Source: biz.yahoo.com

Ruling on Legal Bills at KPMG Could Be a Boon to Aipac Pair 
A new ruling that the government improperly pressured an accounting firm, KPMG, not to pay for the legal defense of a group of the firm’s employees could be a boon to two pro-Israel lobbyists facing trial in Virginia. In a closely watched case, Judge Lewis Kaplan ruled that employers usually have an obligation to pay for their employees’ legal defense in work-related litigation. He also declared
Source: www.nysun.com

Raytheon settles with SEC 
WALTHAM — Defense contractor Raytheon Co. yesterday said the Securities and Exchange Commission agreed to settle its investigation into the accounting practices of its commuter aircraft business during the period from 1997 to 2001.
Source: www.dailynewstribune.com